Cloudflare (NET) capital expenditure was $343M in FY2025 (+60% YoY). The tables below show the complete quarterly and annual capital expenditure history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Capital Expenditure
Fiscal Year
Capital Expenditure
YoY
2025
$343M
+60%
2024
$214M
+58%
2023
$135M
-17%
2022
$163M
+52%
2021
$108M
+44%
2020
$75M
+31%
2019
$57M
+64%
2018
$35M
+52%
2017
$23M
Recent Quarterly Capital Expenditure
Quarter
Capital Expenditure
Q1 2026
$74M
Q4 2025
$91M
Q3 2025
$92M
Q2 2025
$67M
Q1 2025
$93M
Q4 2024
$80M
Q3 2024
$59M
Q2 2024
$37M
Q1 2024
$38M
Q4 2023
$35M
Q3 2023
$33M
Q2 2023
$44M
Source: NET on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.